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Gannett broadcasts upcoming layoffs – Speaking Biz Information

Gannett’s information division will bear one other spherical of layoffs, marking the writer’s third transfer to chop prices within the final six months. As per Henry Faure Walker, the information division’s new interim head, the affected employees members might be knowledgeable on Dec. 1 and Dec. 2.

In line with communications chief Lark-Marie Anton, a six p.c discount is to be anticipated.

Faure Walker added:

“Whereas we’ve got taken a number of steps already, we should enter the brand new yr in a stronger financial place, and the truth is that our Information price base is at present too excessive for the revenues it generates.”

The layoffs is not going to have an effect on some journalists represented by the NewsGuild and people in the course of contract negotiations.

Learn extra here.

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